News Corp denies bid for Twitter

- News Corp., the media company of Rupert Murdoch denies it has plans to acquire micro-blogging network Twitter or taking a significant share.

Twitter is seen by the declining a candidate for acquisition. Wednesday's share climbed from a record low up after unconfirmed rumors of interest from News Corp. It increased even by 14 percent and closed Wednesday after a fall at $ 17.38, up 4.1 percent.

For several months, is co-founder Jack Dorsey back at the head of the struggling social media site. Twitter is trying the service for quite some time to make both more attractive and profitable.

Last December Twitter known to test a feature that people who read without logging tweets, ads get displayed. In this way, hopes to earn the microblogging network money on non-active users. The company would consider to bolster the 140-character limit messages to 000 characters per tweet 10..

Although a spokesman for News Corp has announced that the acquisition rumors are not correct, let analyst James Cakmak of Monness, Crespi, Hardt amp; Co told Reuters that an acquisition of Twitter by a large organization is theoretically indeed meaningful whether it another Internet company or a media company.

In the past, there have been frequent takeover rumors around Twitter. The company, according to unconfirmed sources have bids received include Facebook and Google.